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Charoen Pokphand led a $150m Series C funding round in Ascend Money.

Synopsis

Charoen Pokphand, a holding company, led a $150m Series C funding round in Ascend Money, a fintech company. Bow Wave Capital, an investment firm, and Ant Group, a digital payment platform, also participated. Ascend Money will use the proceeds to grow its e-wallet application – TrueMoney Wallet – and expand its digital financial services ranging from digital lending and digital investment to cross border remittances in Southeast Asia.

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